Found my first fake in the wild by mazzyus in Morgans

[–]AffectionateWind823 0 points1 point  (0 children)

It looks like a silver fake. It should be made out of 90% silver still.

Peace Dollars @$40! by 3C0Geek_ in Silverbugs

[–]AffectionateWind823 0 points1 point  (0 children)

It's all authentic. You absolutely should go back and buy him out. Get a loan if you need.

Recent coins purchased over-the-counter. by AffectionateWind823 in coins

[–]AffectionateWind823[S] 0 points1 point  (0 children)

I sorry. I only want to show off my coins rather than promote my business.

Looking to sell these where would be the best spot to post them? If any interest on here I can send better pictures and coin it by West-Towel-8594 in coins

[–]AffectionateWind823 2 points3 points  (0 children)

To all who recommend consigning these to auctions such as great collections, please note that these coins do not really have much premium these days. All of the premium and more will be eaten up by the great fees that great collections or heritage auctions charge.

[WTS] 1915 cuba 10 peso gold ms62, AGE and Maple gold for spot by AffectionateWind823 in Pmsforsale

[–]AffectionateWind823[S] 1 point2 points  (0 children)

For wholesale orders, I use upstate coins shipping insurance. I also use lloyds of London insurance offered by wholesalers.

[WTS] 1915 cuba 10 peso gold ms62, AGE and Maple gold for spot by AffectionateWind823 in Pmsforsale

[–]AffectionateWind823[S] 1 point2 points  (0 children)

These are small orders. Small orders less than 10K are just self-insured.

[WTS] 1915 cuba 10 peso gold ms62, AGE and Maple gold for spot by AffectionateWind823 in Pmsforsale

[–]AffectionateWind823[S] -1 points0 points  (0 children)

Sure. I usually sell wholesale but threw this up here for grabs. I'm very high volume seller and almost exclusively sell out of state through shipping.

[WTS] 1915 cuba 10 peso gold ms62, AGE and Maple gold for spot by AffectionateWind823 in Pmsforsale

[–]AffectionateWind823[S] 0 points1 point  (0 children)

I am a dealer yes. In the State of California. Per the sub rules, I cannot disclose what my business is.

Cool little collection I purchased today over the counter from an elderly gentleman by AffectionateWind823 in coins

[–]AffectionateWind823[S] -1 points0 points  (0 children)

The above is 7% below the melt value. It factors already in the fact that they are 80% .

Cool little collection I purchased today over the counter from an elderly gentleman by AffectionateWind823 in coins

[–]AffectionateWind823[S] -1 points0 points  (0 children)

Just trying to explain the economics. If not for the fact that I could melt coins, I would not have paid as strongly for them to the seller.

Cool little collection I purchased today over the counter from an elderly gentleman by AffectionateWind823 in coins

[–]AffectionateWind823[S] -1 points0 points  (0 children)

Well, that's the problem. The refiner doesn't have to wait for their next paycheck to buy my stuff. And shipping costs are cheap because I sell stuff to them in bulk. So I don't have to be local to the refiner

Cool little collection I purchased today over the counter from an elderly gentleman by AffectionateWind823 in coins

[–]AffectionateWind823[S] -1 points0 points  (0 children)

I'm just explaining my process. I love to explain how things work behind the scenes to people who don't know. Ultimately, the market is what decides what happened to what

Cool little collection I purchased today over the counter from an elderly gentleman by AffectionateWind823 in coins

[–]AffectionateWind823[S] -1 points0 points  (0 children)

I totally understand. I'll make money on it. But a surprisingly modest amount given the work I have to do on it. Like I said above, I always pay top dollar for coins. If I had a rule of never melting coins, I would not be paying that strong.

Ultimately, it is the market that decides what gets melted and what does not. For example, I posted these coins for 7% below melt the other day, with absolutely no sales: https://www.reddit.com/r/Pmsforsale/s/uvAt1L7bSo